Cumberland Partners Ltd Boosts Holdings in Viking Holdings Ltd. $VIK

Cumberland Partners Ltd raised its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 75.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,000 shares of the company’s stock after purchasing an additional 30,000 shares during the period. Cumberland Partners Ltd’s holdings in Viking were worth $4,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VIK. Newbridge Financial Services Group Inc. purchased a new position in Viking during the third quarter valued at $26,000. Activest Wealth Management lifted its holdings in Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after purchasing an additional 390 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 shares in the last quarter. Finally, CI Investments Inc. lifted its holdings in Viking by 53.1% during the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Stock Performance

NYSE:VIK opened at $84.31 on Friday. The company’s 50-day moving average price is $78.04 and its 200-day moving average price is $72.87. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 5.27. The company has a market cap of $37.57 billion, a P/E ratio of 31.34, a P/E/G ratio of 1.21 and a beta of 1.57. Viking Holdings Ltd. has a twelve month low of $42.20 and a twelve month high of $92.00.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the firm posted ($0.24) earnings per share. On average, sell-side analysts forecast that Viking Holdings Ltd. will post 3.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Viking

In other news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the transaction, the executive vice president directly owned 420,022 shares of the company’s stock, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Wall Street Analyst Weigh In

VIK has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Viking from $79.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Truist Financial raised shares of Viking from a “hold” rating to a “buy” rating and increased their price objective for the company from $75.00 to $102.00 in a report on Friday. Citigroup reaffirmed a “buy” rating on shares of Viking in a report on Friday, May 15th. Susquehanna raised their price target on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Friday, May 15th. Finally, Mizuho raised their price target on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. Eleven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.64.

Viking Profile

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.